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UAE’s tax revenue jumped 29% in Q4 2022
March 17, 2023
finance & economy
Data showed total revenue in the period rose 7%
The UAE government's tax revenues rose 29% in Q4 2022 75 billion dirhams ($20.4 billion) from AED58 billion in the year-ago period, data issued by the finance ministry showed on Thursday.
Total revenue in the period rose 7% year-on-year (YoY) to AED143.1 billion versus AED133.9 billion.
Other streams of revenue netted AED64.2 billion during Q4 of 2022, compared to AED 72.4 billion during Q4 of 2021.
Total expenditure reached AED120.3 billion during Q4 of 2022, compared to AED136.2 billion during Q4 of 2021.
Net borrowing by the government came in at AED22.8 billion, the data showed.
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